Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund reduced its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,380 shares of the business services provider’s stock after selling 168 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Euronet Worldwide were worth $862,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in EEFT. Wasatch Advisors LP increased its stake in shares of Euronet Worldwide by 45.8% in the third quarter. Wasatch Advisors LP now owns 716,539 shares of the business services provider’s stock worth $71,102,000 after buying an additional 224,982 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Euronet Worldwide in the third quarter worth $15,258,000. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Euronet Worldwide by 13.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,064,233 shares of the business services provider’s stock worth $105,604,000 after buying an additional 127,240 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Euronet Worldwide in the third quarter worth $4,373,000. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Euronet Worldwide in the third quarter worth $4,085,000. 91.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Nikos Fountas sold 21,479 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $103.56, for a total transaction of $2,224,365.24. Following the completion of the transaction, the chief executive officer now owns 52,370 shares of the company’s stock, valued at approximately $5,423,437.20. The trade was a 29.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 10.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and issued a $120.00 price target on shares of Euronet Worldwide in a research note on Thursday, December 12th. Keefe, Bruyette & Woods lifted their price target on shares of Euronet Worldwide from $108.00 to $112.00 and gave the stock a “market perform” rating in a research note on Friday, February 14th. Stephens reiterated an “overweight” rating and set a $130.00 target price on shares of Euronet Worldwide in a research note on Friday, February 14th. StockNews.com lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd. Finally, Oppenheimer lowered their target price on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $127.00.

Euronet Worldwide Stock Performance

Shares of EEFT opened at $102.46 on Friday. Euronet Worldwide, Inc. has a 1 year low of $91.07 and a 1 year high of $117.66. The company has a market cap of $4.48 billion, a price-to-earnings ratio of 15.84, a price-to-earnings-growth ratio of 0.78 and a beta of 1.43. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.26 and a current ratio of 1.25. The firm has a fifty day moving average of $100.76 and a 200-day moving average of $101.34.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($0.23). Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. As a group, equities analysts anticipate that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. It operates through three segments: Electronic Fund Transfer Processing, epay, and Money Transfer. The Electronic Fund Transfer Processing segment provides electronic payment solutions, including automated teller machine (ATM) cash withdrawal and deposit services, ATM network participation, outsourced ATM and point-of-sale (POS) management solutions, credit and debit and prepaid card outsourcing, card issuing, and merchant acquiring services.